regulatory
confidence high
sentiment negative
materiality 0.85
FTC sues to block Amgen's Horizon acquisition; Amgen vows to fight
AMGEN INC
- FTC filed complaint in federal court seeking to enjoin acquisition of Horizon Therapeutics.
- Amgen calls FTC's bundling theory 'entirely speculative' and says no prior deal blocked on that theory.
- Amgen committed not to bundle Horizon products at issue, but FTC still proceeded with lawsuit.
- Amgen intends to work with court to close transaction by mid-December.